Visteon Corp (VC) Given Consensus Recommendation of “Buy” by Brokerages

Visteon Corp (NYSE:VC) has been assigned a consensus recommendation of “Buy” from the twenty-one brokerages that are covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and fourteen have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $127.88.

Several research firms have issued reports on VC. Zacks Investment Research upgraded Visteon from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a research report on Saturday. Longbow Research began coverage on Visteon in a research report on Friday. They issued a “buy” rating and a $160.00 price objective for the company. Guggenheim began coverage on Visteon in a research report on Wednesday, January 3rd. They issued a “buy” rating and a $140.00 price target for the company. ValuEngine upgraded Visteon from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Royal Bank of Canada restated a “hold” rating and issued a $138.00 price target on shares of Visteon in a research report on Wednesday, December 20th.

In other Visteon news, CEO Sachin Lawande sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $126.05, for a total value of $315,125.00. Following the sale, the chief executive officer now directly owns 8,595 shares of the company’s stock, valued at approximately $1,083,399.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders sold 17,004 shares of company stock worth $2,180,621. 0.19% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VC. Janus Henderson Group PLC purchased a new stake in shares of Visteon during the 2nd quarter valued at about $78,611,000. Bank of New York Mellon Corp raised its holdings in shares of Visteon by 34.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,804,109 shares of the auto parts company’s stock valued at $223,294,000 after buying an additional 465,508 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Visteon by 182.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 252,028 shares of the auto parts company’s stock valued at $25,721,000 after buying an additional 162,689 shares during the period. Standard Life Investments LTD raised its holdings in shares of Visteon by 6.6% during the 2nd quarter. Standard Life Investments LTD now owns 2,021,035 shares of the auto parts company’s stock valued at $206,278,000 after buying an additional 124,361 shares during the period. Finally, Old Mutual Global Investors UK Ltd. increased its holdings in Visteon by 155.0% during the 3rd quarter. Old Mutual Global Investors UK Ltd. now owns 171,611 shares of the auto parts company’s stock worth $21,240,000 after purchasing an additional 104,302 shares during the last quarter.

Shares of Visteon (NYSE VC) opened at $139.25 on Tuesday. Visteon has a 52 week low of $81.46 and a 52 week high of $137.85. The company has a current ratio of 1.97, a quick ratio of 1.76 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $55.37, a P/E ratio of 26.63, a PEG ratio of 1.34 and a beta of 0.86.

Visteon (NYSE:VC) last released its quarterly earnings data on Thursday, October 26th. The auto parts company reported $1.42 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.17. The firm had revenue of $765.00 million during the quarter, compared to analysts’ expectations of $761.95 million. Visteon had a return on equity of 29.13% and a net margin of 4.83%. Visteon’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.10 earnings per share. research analysts forecast that Visteon will post 6.23 EPS for the current fiscal year.

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About Visteon

Visteon Corporation is a global automotive supplier that designs, engineers and manufactures electronics products for original equipment vehicle manufacturer (OEM), including Ford, Mazda, Nissan/Renault, General Motors, Honda BMW and Daimler. The Company operates through Electronics segment. The Electronics segment provides vehicle cockpit electronics products to customers, including instrument clusters, information displays, infotainment, audio systems, telematics solutions and head up displays.

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